Looking at BTC, LTC and all of them lately...pretty much all dead. What's the point now? Epic new like Microsoft doesn't even affect anything anymore. Honeymoon is OVER.

The difference is BTC was first and has the network effect. Litecoin solves no problems or has any practical daily use over Bitcoin, the issue of BTC transaction times is moot, there are many 3rd party solutions to deal with the slow transaction times now. The dream of LTC being a cpu-minded, truly decentralized coin is dead too. So why keep it around?

In a better world it would have been peercoin that pumped to a multi-billion dollar market cap last year, at least it brought something new to the table.

It has been in the code for roughly two years. The point to all of this is why CryptoAve? If one has knowledge of this flaw, why would one attack a brand new exchange with few users and no potential to profit for doing so?

Baritus has claimed that CryptoAve was attacked with the Heartbleed vulnerability roughly one month prior to the vulnerability being uncovered and made public. If an individual had knowledge of this flaw before the the entire world, why would that individual choose to attack CryptoAve of all places? Why not go after a much larger website? Why not sell the knowledge of this vulnerability to the highest bidder?

This does not make any rational sense.

Sources:
http://digitalcoin.co/forums/index.php/topic,951.0.html
http://heartbleed.com/
http://digitalcoin.co/forums/index.php/topic,1010.0.html

I can't believe this is even suggested. Increasing the supply even more would depress the price. As someone with 5 figures, I'm certainly against it. Perhaps this is why the exchange rates took a hit, especially on Cryptsy... Going to agree with Simcom here and if by chance this moves forward, I'm out. I want nothing to due with this coin because the dynamics have changed. The instamine sucks, but it's part of what it is. Makes absolutely no sense to essentially double supply again for a purpose that this clearly won't address.

can we get back to x11 now?? or must this be a justification of the instamine of drk coin thread.

Stop feeding the troll.

Just report him for generally abusing this forum.
Thats what he's doing.

No his topic tries to justify the instamine with no windows qt, and then changing things around with the params to make it even harder to mine coins than before..lowering blocks reducing total minting....

i erased you becaue you tried to derail.... sorry no derailing aloud.

stop derailing this thread with drk coin if people want to read about that scam....go ahead to the dark coin thread. It is getting very plain to see there.

I'm done. You erased a legitimate answer in your other thread about "darkcoin / scam" and it's obvious you seek not the truth. Rather you want to portray a single-sided version of dirt aimed at x11, darkcoin etc. So be it - do what you have to.

For someone that is going out to uncover the "scam" that DRK is, you've certainly haven't done any of your homework, like reading the first pages of the DRK thread.

The "instamine" issue has been brought up multiple times in the DRK thread - so apparently you haven't read it. Usually all those complaining are butthurt individuals who didn't buy in when cheap - because DRK was extremely cheap on entering exchanges. Your type of complain is different. You simply want to attack DRK and find stuff as you go along.

Anyway, 15 days after launch, DRKs could be bought on ccex for 0.00001 BTC. There was massive dilution of DRKs from miners to buyers from 0.00001 up to 0.002 BTC - and especially a lot that were sold in the 0.00002-0.00018 range.

Did you want any DRK? No you didn't. If you did, and even if missed mining, you could be a bagholder right now of epic proportions for pennies. There are buyers who bought and have >100x profit from miners who didn't really appreciate their mined coins and sold them for nothing. You see people rarely appreciate what they have in abundance. And the miners who were there from the pre-ann, sold bags of them when they found the chance in ccex. Thus a large percentage of the quickly mined coins were diluted from miners wallets and pools to exchanges and buyers / investors.

When something becomes successful, people would like the opportunity to buy before the success was achieved. But since they can't go back in time, they can rationalize their mistake / lost opportunity and say others were at fault. But here there's no excuse: Even if someone did not took part in the "instamine" he only had to go to the exchanges and pick up the "worthless" DRKs for 1/140th of current prices.

It is 100% hypocritical for some to say that they care about unfair distribution when this second opportunity was there for EVERYONE that desired a large piece of the pie by buying extremely cheap (more than 100 times cheaper the current price), at least 15 days later than the launch.

I can say this because this is one of the largest mistakes of my life, in hindsight. I arrived on DRK at late January as I was looking for a cpu coin to put my celeron for work. I saw the specs and immediately it stood out as something innovative, not a shitty clone. I said here we are. I started mining (~25 DRKs per day for the celeron) and as soon as it hit the exchange (early feb) I went to sell my coins. Seeing how cheap they were, I was like WTF... I should buy at these prices, not sell... and yet I didn't. Who's to blame? Me. I could have made >100x if I bought. The opportunity was there and I simply didn't take it. And I was just sitting idle when buyers were sweeping everything for nothing.

When dealing with coin distribution and fairness etc etc and how some people got more and some less etc etc, you can't simply overlook that the first coins were on sale for dirt-cheap prices. It was like 10.000 BTC pizza stories. And we are not saying a day later but half a month AFTER the launch and with people fully realizing that the coin was going to be the first anonymous coin, but without realizing the implications in terms of the market

Hehe yeah okay... sorry i'm deleting your posts because you are trying to derail the thread. I don't want to hear you think feathercoin is worse. Fine go make a feathercoin comparison elsewhere.

we are seeking the truth not opinion as to whether it is okay to hog all of the coins because a couple of other coin devs have tried the same thing.

Create a thread about those coins and point out these facts.

Basic science ? That's a joke right ?
Show us all the flaws of the current GPU miner (https://bitcointalk.org/index.php?topic=475795.0) instead of spreading broscience. I'm waiting ...

really? this is interesting... a new turn of events it seems. Have a link?  wouldn't the level of N determine just how much higher the memory requirement needs to be? Perhaps it's true though..... where is the link and who is the company... if knc were saying it then i guess we could take that at face value. I guess if they can produce asics for high N factor algos then that's another anti asic avenue closed down.

Anyway post the link so we can have a look... thanks.

Neon mines any Scrypt-based currency and supports configurable parameters that address adaptive algorithms for future coins.

Our chip supports configurable N parameters which allows it to mine N-factor scrypt up to N=262144, which is still about 35 years away.

both of you two have been x11 pro from the start... of course you are not interested .........

the facts are becoming clear already.


x11 is no more efficient than quark

x11 is no more asic resistant and probably less resistant to asics


x11 is not as asic resistant as scrypt N

dumb idea.. X11 is a rip off of Quark's algo with a couple more *pointless algo's tacked on just to say it's different.
and it also would not help anything either.. X11 is asic vulnerable and insecure and a rip off Quark / Secure coin etc
What you should have asked is should it be changed to Quark's algo (which was made way before the copy cat scammers came along)

Feathercoin is not a new innovation though is it? Deliberately avoiding securing it seems pathetically stupid. Let ASIC miners secure one's feathercoin wealth and move on to mine other things with one's GPUs seems a more sensible approach, glad that one's adaptable tools adaptable to new fresh coins are being freed up from the onerous task of securing the feathercoins one already mined...

-MarkM-